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BR tax code,

Hi guy's, received a letter today from HM Revenue & Customs, saying that my Tax code will be BR for next tax year, 2010-2011...., i don't really understand this code's.., is it good??
i did bit of googling still don't get it.., any one have this code.., is it ok or too much paying tax,
please help..,

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its usually for second jobs, it means you'll be taxed on ALL of the pay and not the remainder after your allowance is taken into consideration

"BR
This code is an abbreviation of "Basic Rate". It is applied by HMRC to employees who are liable to pay income tax at the basic rate, i.e. 20%. You may be given this tax code if you have two jobs, or a pension in addition to your job. For one of the jobs or the pension you have a suffix code so that you receive your "tax-free pay"; in the other you must pay tax at 20% on all of the earnings. If you have two pensions, the state pension and an occupational pension, this code may be used to deduct tax from your occupational pension.

Your employer is also allowed to allocate this code for new employees in certain circumstances if HMRC has not yet provided an official tax code.

If you have this code, your employer is required to deduct tax at 20% from all of your earnings. You do not have any "tax-free pay".

its usually for second jobs, it means you'll be taxed on ALL of the pay and not the remainder after your allowance is taken into consideration

"BR
This code is an abbreviation of "Basic Rate". It is applied by HMRC to employees who are liable to pay income tax at the basic rate, i.e. 20%. You may be given this tax code if you have two jobs, or a pension in addition to your job. For one of the jobs or the pension you have a suffix code so that you receive your "tax-free pay"; in the other you must pay tax at 20% on all of the earnings. If you have two pensions, the state pension and an occupational pension, this code may be used to deduct tax from your occupational pension.

Your employer is also allowed to allocate this code for new employees in certain circumstances if HMRC has not yet provided an official tax code.

If you have this code, your employer is required to deduct tax at 20% from all of your earnings. You do not have any "tax-free pay".

i received one of these letters stating i will be on BR from april 2010 i phoned them up and told them i dont think so as i was made redundant march and they still had me working the guy said he has receievd a lot of these calls error letters he believes give them a tinkle

Hey,
i have been with two company at the same time but been using the same tax code for both of them so i have received the letter, saying that i have to pay £3000 so, is it my responsiblty to change to Br code or is it company????i have to go to the citizens advice office to get advice..

please can someone help me on that...

thnks

wolf359

its usually for second jobs, it means you'll be taxed on ALL of the pay and not the remainder after your allowance is taken into consideration"BRThis code is an abbreviation of "Basic Rate". It is applied by HMRC to employees who are liable to pay income tax at the basic rate, i.e. 20%. You may be given this tax code if you have two jobs, or a pension in addition to your job. For one of the jobs or the pension you have a suffix code so that you receive your "tax-free pay"; in the other you must pay tax at 20% on all of the earnings. If you have two pensions, the state pension and an occupational pension, this code may be used to deduct tax from your occupational pension.Your employer is also allowed to allocate this code for new employees in certain circumstances if HMRC has not yet provided an official tax code.If you have this code, your employer is required to deduct tax at 20% from all of your earnings. You do not have any "tax-free pay".Example: Your weekly earnings are £300. Your employer deducts £60 tax, i.e. 20% of £300."